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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    Labubus have succeeded in every way that NFTs have failed

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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Home Gaming

Farcana Launches 60% APR Staking Program, $FAR Token Soars by 24%

September 27, 2024
in Gaming
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Farcana Launches 60% APR Staking Program, $FAR Token Soars by 24%
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Farcana, an online shooting game built on blockchain technology, announced the staking facility for its $FAR token. It allows the users to stake their tokens in the Polygon network and get an interest of 60% APR. This bonus is designed to increase the activity level and make users interested in further development of the Farcana ecosystem.

READ ALSO

Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

The Biggest Games Releasing in August 2025

$FAR’s Significant Growth Following Staking Announcement

According to Coingecko data, the $FAR token surged by 24% on September 25 following the announcement of the staking program. This rise demonstrates the increasing interest in Farcana’s offerings, as the token ranks as the second most traded asset on the Bybit exchange, trailing only Eigenpie’s EGP1. Earlier this year, on January 23, $FAR was officially listed on Bybit.

Ilman Shazhaev, CEO and Co-Founder of Farcana shared insights regarding the token’s recent performance. He noted that the decline in $FAR’s value reflected earlier listing strategies that lacked sufficient utility. He said, “We’re offering this 60% APR to reward our loyal community and early adopters; we want our holders to put their tokens to work while we continue to build out the Farcana ecosystem, slowly but surely.”

He emphasized that speculation rather than sustainable growth has primarily influenced the token’s price fluctuations. Shazhaev remarked that the newly introduced staking program is critical in providing meaningful utility for the token. He highlights the significance of this initiative of the staking program, stating,

See also  Meet the Visionaries Who Created Loaded Lions: Mane City

“Staking is just the first step in creating long-term stability and utility for the token. The upcoming game launch will be a turning point, and we’re building towards that by ensuring that the token already offers value and utility well before the release.”

To stake their $FAR tokens, users must log into their Farcana accounts, connect their crypto wallets, and select the Polygon network. This streamlined process allows players to actively engage with their tokens while Farcana continues to develop its gaming infrastructure.

Strategic Funding and Development Initiatives by Farcana

Farcana recently raised $10 million in seed funding from notable investors, including Animoca Brands and Polygon Ventures. This financial backing supports the game’s development, allowing for improvements to gameplay and infrastructure. As of September 2024, Farcana has introduced new in-game characters and enhancements to the gaming experience.

Founded in 2022, Farcana combines elements of storytelling with competitive multiplayer gameplay. The game, set in near-future Mars, features Axelar-enhanced characters competing in a tournament. Players benefit from blockchain technology, which promotes player ownership and rewards. The team behind Farcana includes industry veterans and has collaborated with local institutions to enhance the gaming experience. Farcana’s staking program illustrates its dedication to building a sustainable ecosystem while providing value to its token holders. As it approaches its official launch, the program is expected to encourage user loyalty and foster a thriving community around the game.

Tags: AprFarcanaLaunchesProgramSoarsStakingToken

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Will Azuki help revive Ethereum’s NFT landscape?

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